Sezzle (NASDAQ:SEZL) Stock Price Down 7.7% – Here’s What Happened

Sezzle Inc. (NASDAQ:SEZL)’s stock price dropped 7.7% on Monday . The stock traded as low as $244.12 and last traded at $244.65. Approximately 17,052 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 92,605 shares. The stock had previously closed at $265.06.

Analyst Ratings Changes

Several research analysts recently issued reports on SEZL shares. Northland Securities increased their target price on shares of Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. B. Riley restated a “buy” rating and issued a $372.00 target price (up from $353.00) on shares of Sezzle in a research note on Thursday, December 19th.

Sezzle Price Performance

The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 26.44 and a beta of 9.23. The business has a 50-day moving average price of $316.30 and a two-hundred day moving average price of $190.01. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Insider Activity

In other news, Director Paul Martin Purcell sold 2,401 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $465.72, for a total transaction of $1,118,193.72. Following the completion of the sale, the director now directly owns 58,275 shares of the company’s stock, valued at $27,139,833. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul Paradis sold 4,026 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $400.00, for a total transaction of $1,610,400.00. Following the transaction, the director now owns 68,846 shares of the company’s stock, valued at approximately $27,538,400. The trade was a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,531 shares of company stock worth $5,088,926 over the last 90 days. 57.65% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sezzle

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its position in shares of Sezzle by 191.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock worth $3,474,000 after buying an additional 13,383 shares during the last quarter. Navellier & Associates Inc. purchased a new position in Sezzle during the 3rd quarter valued at $1,217,000. Bank of New York Mellon Corp purchased a new stake in shares of Sezzle in the 2nd quarter worth about $611,000. XTX Topco Ltd bought a new position in Sezzle in the second quarter worth about $544,000. Finally, Divisadero Street Capital Management LP bought a new stake in Sezzle during the 2nd quarter valued at approximately $356,000. 2.02% of the stock is currently owned by institutional investors.

Sezzle Company Profile

Sezzle Inc operates as a technology-enabled payments company primarily in the United States and Canada. The company provides payment solution in-store and at online retail stores; and through proprietary payments solution that connects consumers with merchants. It also offers Sezzle Platform that provides a payments solution for consumers that extends credit at the point-of-sale allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time; Pay-in-Four, which allows consumers to pay a fourth of the purchase price up front and then another fourth of the purchase price every two weeks thereafter over a total of six weeks; Pay-in-Full that allows consumers to pay for the full value of their order up-front through the Sezzle Platform without the extension of credit; and Pay-in-Two and other alternative installment options, which allow consumer to pay half of the value of their order up-front and the second half in two weeks.